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MEG European Contract Price April 2016

5 April 2016 / MEG Update

Second settlement for MEG for April in Europe at €795 per tonne DDP.

There was a second settlement for MEG for April in Europe at €795 per tonne DDP. This was settled between a German-owned Benelux-based EO/MEG producer and Arteco. Also of note at this time is the fact that, for a second month, the ethylene settlement for Europe was not straight-forward. There was an initial settlement (+€50) that was not followed by a different number. The final ethylene deal for April is an increase of €60 on March, giving a price of €870 per tonne DDP.

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